Clear Media, Great Wall, Lingbao: Hong Kong Equities Preview

The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.

The Hang Seng Index (HSI) fell 1.9 percent to 21,992.72. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, declined 2.2 percent to 12,007.10.

Bank of Communications Co. (3328 HK): The Shanghai-based lender said China’s Ministry of Finance has appointed it as one of the arrangers for a yuan-denominated government bond sale in Hong Kong, according to an e-mailed statement. The stock slid 2.2 percent to HK$6.58.

China National Building Material Co. (3323 HK): The producer of cement and dry wall said it expects six-month net income to increase by more than 200 percent from a year earlier because of higher sales volume and average selling prices of cement products. The stock fell 1.6 percent to HK$14.90.

Clear Media Ltd. (100) (100 HK): The company that installs bus shelters said first-half sales rose 18 percent to HK$691 million ($88.6 million) from a year earlier. The stock dropped 2.1 percent to HK$3.76.

Great Wall Motor Co. (2333 HK): The Hebei-based automaker said it received regulatory approval to issue A-shares. The stock sank 3.4 percent to HK$11.80.

Lingbao Gold Co. (3330 HK): The gold bullion producer and copper products maker said it expects its first-half profit will increase “significantly” from a year earlier from a higher production volume and average selling prices. The stock gained 0.5 percent to HK$4.42.

PetroChina Co. (857 HK): Asia’s biggest company by market value is expected to resume production at a 200,000 barrel-a-day crude distillation unit at its Dalian refinery in half a month, said a refinery official, declining to be named because of internal rules. The stock sank 2.5 percent to HK$10.84.

Pacific Basin Shipping Ltd. (2343) (2343 HK): The operator of dry- bulk vessels said first-half profit slumped 94 percent. The stock dropped 3.1 percent to HK$4.11.

Pine Technology Holdings Ltd. (1079) (1079 HK): The designer and maker of computer components said it expects to record a loss for the year ended June 30, compared with a profit in the previous year, because of a decline in sales in the U.S. and Europe. The stock lost 3.1 percent to 15.5 Hong Kong cents.

Sau San Tong Holdings Ltd. (8200 HK): The health and beauty products provider said it expects to record a profit for the three months ended June 30 compared with a loss a year earlier because of better results in its franchise business in China. The stock slid 1.7 percent to 58 Hong Kong cents.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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